Amendment to C.A. No. 567 Re: Tax on Owners of Sugar Cane Land Ceded to Others
Republic Act No. 1583, enacted on June 16, 1956, amends Section 3 of Commonwealth Act No. 567, which regulates the taxation of sugar land owners. The amendment stipulates that when sugar cane land is leased or ceded, the owner must pay a tax based on the difference between the rental income and 20% of the land's assessed value. This law is retroactive and applies to all pending cases at the time of its approval. It aims to adjust tax obligations in the sugar industry to stabilize and generate revenue.
Law Information
- Reference Number
- Republic Act No. 1583
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 16, 1956
REPUBLIC ACT NO. 1583
AN ACT AMENDING SECTION THREE OF COMMONWEALTH ACT NUMBERED FIVE HUNDRED SIXTY-SEVEN
SECTION 1. Section three of Commonwealth Act Numbered Five hundred sixty-seven, entitled "An Act to adjust and stabilize the sugar industry and to raise revenue for the purpose by increasing the tax on the manufacturers of sugar and imposing a tax on the owners of sugar lands held by others under lease or other contract, granting the right to use said lands for a consideration," is amended to read as follows:
"Sec. 3. When any land devoted to the cultivation of sugar cane is ceded to others by the owner or by the person in control thereof, for a consideration, under a contract of lease or otherwise, such owner or the person in control thereof shall pay a tax equivalent to the difference between the money value of the rental or consideration collected and the amount representing twenty per centum of the assessed value of such land."
SECTION 2. This Act shall take effect upon its approval and shall have retroactive effect on all pending cases.
Approved: June 16, 1956 aisa dc
Published in the Official Gazette, Vol. 52, No. 11, p. 5026 on September 15, 1956
Cite This Law
Amendment to C.A. No. 567 Re: Tax on Owners of Sugar Cane Land Ceded to Others, Republic Act No. 1583, Jun 16, 1956 (Philippines)
Amendment to C.A. No. 567 Re: Tax on Owners of Sugar Cane Land Ceded to Others, Republic Act No. 1583 (Phil. 1956)
Related Laws
- Increase in Tax on the Manufacture of SugarCommonwealth Act No. 567 • Jun 7, 1940 • Statutes
- Tenancy Contracts on Land Planted to Sugar CaneAct No. 4113 • Dec 7, 1933 • Statutes
- Amendments to Act No. 4113 (Provisions Concerning Tenancy Contracts on Land Planted to Sugar Cane)Commonwealth Act No. 271 • Jun 2, 1938 • Statutes
- Defining Raw Sugar or Raw Cane Sugar, Amending Section 109 (A) and (F) of the NIRC of 1997, as AmendedRepublic Act No. 10864 • Jun 10, 2016 • Statutes
- The Sugar Central ActAct No. 2479 • Feb 5, 1915 • Statutes
- An Act to Amend Certain Sections of Act Numbered Twenty-Four Hundred and Seventy-NineAct No. 2577 • Feb 4, 1916 • Statutes
Browse More Statutes
Explore other laws in the Statutes category.
View All StatutesNeed Help Understanding This Law?
Ask our AI assistant to explain provisions, implications, or related laws.
Ask AI About This Law